Two major organizations have forged a partnership aimed at revitalizing the South-East economy. Ohanaeze Ndigbo's Council of Igbo Business Leaders and the South-East Development Commission are joining forces to drive investment and growth across Igbo communities.
The collaboration was announced at a gathering in Enugu on Monday. Both groups say the region needs unified action from key stakeholders now more than ever.
Mazi Sam Ohuabunwa chairs the Council of Igbo Business Leaders. He stressed that Igbos must prioritize investing in their own region as part of their long-term strategies.
Ohuabunwa noted the South-East has endured decades of neglect and hardship. "Our region has suffered so much over a long time, combined with several other historical, political, social and economic factors," he told attendees.
Youth joblessness remains a serious challenge across the zone. Rising crime and other social problems have worsened as employment opportunities dried up.
Ohuabunwa outlined his Council's core responsibilities at the Monday meeting. These include identifying young Igbo entrepreneurs and developing them into business titans, among other objectives.
Creating a unified business voice represents another key focus area. His organization aims to develop markets throughout Igbo land and advocate for the business community's interests.
He praised the Development Commission for responding to their outreach. "This is the opportunity we long wished for," Ohuabunwa said in remarks at the venue.
The Council initially reviewed its mandate in detail. Following extensive discussions, members understood their true purpose clearly.
Ohanaeze wants them working closely with regional governments and development agencies. Their role includes supporting efforts to boost economic activity and improve living standards for Igbos.
Igbo people have scattered across Nigeria over the decades. Many have contributed significantly to development in their adopted regions and cities.
Yet this diaspora has left the South-East itself behind economically. Investment, infrastructure, and job creation have lagged compared to other zones.
Ohuabunwa acknowledged his Council must coordinate properly with government officials. Understanding state policies and the Commission's investment roadmap is essential to their work.
"We need to be on the same page with governments and development agencies in our region," he explained. Doing so prevents confusion and stops misinformation from spreading about investment conditions.
His organization wants to guide investors considering opportunities back home. They'll provide accurate information about what to expect and how to succeed locally.
Mark Okoye heads the South-East Development Commission as Managing Director and CEO. He welcomed the partnership announced at Monday's meeting in strong terms.
Okoye encouraged closer collaboration moving forward. He believes working together offers the best path to regional progress and prosperity.
Both organizations now share responsibility for the zone's economic future. Their partnership signals renewed commitment to tackling unemployment and social challenges across the South-East.
